Cryptology ePrint Archive: Report 2020/1176
Short Paper: PoSH Proof of Staked Hardware Consensus
Rami Khalil and Naranker Dulay
Abstract: This paper introduces the PoSH Consensus protocol, a novel work-in-progress construction for achieving Sybil-resistant Nakamoto-style probabilistic consensus on the contents of a cryptocurrency ledger in a permissionless decentralized network where parties stake their hardware’s computational power towards participation in leader election. PoSH aims to establish an openly mintable cryptocurrency that eliminates the requirement for block rewards and disincentivizes mining pools.
Category / Keywords: cryptographic protocols / blockchain, cryptocurrency, posh, consensus
Date: received 25 Sep 2020
Contact author: rami khalil at imperial ac uk
Available format(s): PDF | BibTeX Citation
Version: 20200925:185251 (All versions of this report)
Short URL: ia.cr/2020/1176
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